Iran Press/ Iran news: After announcing new round of US sanctions against Iran's oil, banking and shipping industries that will come into effect on 5 November, Europe issued a statement highlighting significant progress in establishing an independent financial mechanism with Iran, which show importance of EU efforts to trade with Iran in the framework of the Joint Comprehensive Plan of Action (JCPOA).
Donald Trump administration announced on Friday that it is set to reimpose all sanctions against Iran that had been lifted as part of the 2015 nuclear agreement.
US Secretary of State Mike Pompeo and the Secretary of the US Treasury Steven Mnuchin signed a declaration on Friday with regards to Trump's announcement.
"On November 5th, the United States will reimpose sanctions that were lifted as part of the nuclear deal on Iran's energy, shipbuilding, shipping, and banking sectors," Pompeo said.
Washington's action drew sharp criticisms and reaction from Europe. EU foreign policy chief Federica Mogherini, and Britain, France and Germany foreign and finance ministers issued a joint statement expressing "Deep regret about Washington's decision to revive anti-Iranian sanctions after America's one-sided withdrawal from the Joint Comprehensive Plan of Action."
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Federica Mogherini and Mohammad Javad Zarif
JCPOA known commonly as Iran's nuclear deal, is an agreement on the nuclear program of Iran which reached in Vienna on 14 July 2015 between Iran, the 5+1 Group, and the European Union.
Representatives of the European countries described the JCPOA as "a key and effective element of the nuclear non-proliferation treaty.
The reason behind the EU efforts to maintain Iran's deal is IAEA's numerous reports confirming Iran's compliance with all its' commitments set in Nuclear Deal.
EU at this critical moment, expect Iran to abide to its' commitments in the framework of JCPOA.
However, Tehran has insisted to keep its' nuclear commitments, as long as all parties to the nuclear deal guarantee Iran's interests particularly shielding Iran from America's illegal sanctions.
Meanwhile, Europeans emphasized on their determination to help Iran to reach its' main demands which is continuation of oil and gas export that is Tehran's main concern.
"As part of the deal, we are committed to safeguarding the financial channels between EU and Iran also maintaining the export of oil and gas," the EU statement said.
EU also committed to cooperate with Russia and China as other side of JCPOA, as well as every country that supports trade with Iran in the frameworks of Iran's deal.
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EU efforts have intensified in recent weeks, in particular to create the so-called Special Purpose Vehicle (SPV) which is under consideration to facilitate trade with Iran.
The SPV aims to keep trade flowing with Tehran after reimposing US sanctions against Iran.
"The outcome of the Iranian crisis will be an opportunity for Europe to create their own independent financial institutions so that we can trade with anyone we want," French finance Minister Bruno Le Maire said.
Senior European officials and EU public opinion believe that not only US sanctions against Iran is illegal but also Washington unilateral sanctions against countries only lead to the expansion of financial and commercial instability in the world.
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But in Washington, US officials pretend that EU actions to maintain trade with Iran is a foiled measure and try to show that they do not care about European measures.
Considering the US notion on the outlook of EU trade with Iran shows the need for further, serious and tangible responses by European leaders to Trump's unilateral and bully rhetoric. So European action must be so strong and effective in order to encourage Iran to stay in JCPOA.
Seyed Reza Mir Taher
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